Equity Capital Markets
Asia (ex Japan) issuers have raised a total of $1.8 billion through 26 deals this week, down compared to the $2.8 billion raised last week via 36 deals.
The largest deal of the week is China’s Western Securities’ follow-on for $723 million via bookrunners Zhongtai Securities and Soochow Securities.
This is followed Olympic Circuit Technology’s IPO in China for $197 million via bookrunner Capital Airports Holding.
China International Capital Corp leads the ECM league table with $6.0 billion in 2017 YTD. CITIC Securities and Goldman Sachs follow with $5.7 billion and $4.0 billion, respectively.
| Asia (ex Japan) ECM Bookrunner Rankings - 2017 YTD | ||||
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
| 1 | China International Capital Corp Ltd | 5,979 | 23 | 9.2 |
| 2 | CITIC Securities | 5,733 | 24 | 8.8 |
| 3 | Goldman Sachs | 4,001 | 11 | 6.1 |
| 4 | China Securities Co Ltd | 3,641 | 21 | 5.6 |
| 5 | Guotai Junan Securities Co Ltd | 3,517 | 21 | 5.4 |
| 6 | Haitong Securities Ltd | 3,183 | 25 | 4.9 |
| 7 | UBS | 2,939 | 11 | 4.5 |
| 8 | Huatai Securities Co Ltd | 2,468 | 10 | 3.8 |
| 9 | Bank of China | 1,811 | 12 | 2.8 |
| 10 | Citi | 1,632 | 15 | 2.5 |
Debt Capital Markets
15 Asian (ex Japan) issuers have tapped the G3 debt capital markets this week for a total of $7.4 billion, up from the $6.8 billion issued last week via 11 deals.
The largest deal of the week is a $1.1 billion USD-denominated investment grade corporate bond by Bank of China (Macau) via bookrunners Standard Chartered Bank, Deutsche Bank, HSBC, China Construction Bank Corp – CCB, Commonwealth Bank of Australia, Bank of Communications, Agricultural Bank of China, Shanghai Pudong Development Bank, Bank of China, and Citi.
Asia (ex Japan) G3 DCM volume has totaled to $113.6 billion in 2017 YTD, more than double the $53.0 billion in the same period last year. China leads the volume with $67.1 billion, followed by the Philippines and South Korea with $11.5 billion and $9.6 billion, respectively.
HSBC leads the G3 DCM league table in 2017 YTD with $9.3 billion. This is followed by Citi and Standard Chartered Bank with $7.3 billion and $7.0 billion.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2017 YTD | ||||
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
| 1 | HSBC | 9,300 | 63 | 8.2 |
| 2 | Citi | 7,295 | 50 | 6.4 |
| 3 | Standard Chartered Bank | 6,988 | 43 | 6.2 |
| 4 | JPMorgan | 6,491 | 36 | 5.7 |
| 5 | Bank of China | 5,542 | 44 | 4.9 |
| 6 | Deutsche Bank | 4,738 | 31 | 4.2 |
| 7 | Morgan Stanley | 4,323 | 27 | 3.8 |
| 8 | Bank of America Merrill Lynch | 4,269 | 31 | 3.8 |
| 9 | Goldman Sachs | 3,961 | 17 | 3.5 |
| 10 | UBS | 3,052 | 24 | 2.7 |
